The Captains Chest - Naked Trading & Other Stuff

Post by **rewand** » Fri Oct 07, 2016 4:43 am

woodlands » Fri Oct 07, 2016 4:24 am wrote:No problem not long GBPUSD........

Short EURGBP..... ouch

What made you short this pair? I do not see any reason to do so, neither technical, nor fundamental..

paniczklos · Post by **paniczklos** » Fri Oct 07, 2016 4:53 am

So you think we got ourselves PL on GBPUSD ? One more pin down and we start an up cycle ?
Look how many lots of GU had their SL hit

Noucha · Post by **Noucha** » Fri Oct 07, 2016 6:06 am

forex23 » Fri Oct 07, 2016 12:55 am wrote:Holly crap I hope no one was long gbp/usd

I got caught up on long GU but fortunately on the practice account. Perhaps it is more safe to close all trades before Asia session to avoid nights like this one.

Post by **rewand** » Fri Oct 07, 2016 8:24 am

Does anyone have a different script for EURGBP? Approaching L3 on all TFs.

Post by **woodlands** » Fri Oct 07, 2016 6:01 pm

rewand » Fri Oct 07, 2016 4:43 am wrote: What made you short this pair? I do not see any reason to do so, neither technical, nor fundamental..

Rewand,
I saw the first three levels as you post above and saw a pattern, went short thinking it was part of the M pattern.
I am not understanding the concept of reset and must re-read the thread, it is clear from your chart and thank you for that post.
I have had a successful last two weeks and perhaps was looking for patterns that were not there, I took some profit after the first level 3 and became 'steamed up in the window' so not seeing.
I have not been looking at the HTF's enough to establish the overall levels.
I have paid for my lesson and took 7% back on the EURJPY this afternoon.
Thanks again. :hi:

eresz · Post by **eresz** » Fri Oct 07, 2016 7:42 pm

Hope on USDCAD it's not a surprise stop hunt and I will profit soon shorting this pair. Have a good weekend guys

Captain Jack · Post by **Captain Jack** » Sat Oct 08, 2016 12:19 am

USDJPY

2016-10-07_20-16-22.jpg

zingo · Post by **zingo** » Sat Oct 08, 2016 9:58 am

Captain Jack » Sat Oct 08, 2016 12:19 am wrote:USDJPY

Good morning Sir,good morning everybody,i hope you all are fine.
@Mr CJ,it is an almost perfect barf pattern!but let me please ask you a question:
I noticed that many times you ignore the volume factor(among others) although it is an important one so is it for some specific reason or is it the fact that,by experience, you can smell the consistency of the pattern even without looking at the volume?
thank you sir

Captain Jack · Post by **Captain Jack** » Sat Oct 08, 2016 4:47 pm

zingo » Sat Oct 08, 2016 5:58 am wrote:
Captain Jack » Sat Oct 08, 2016 12:19 am wrote:USDJPY

Good morning Sir,good morning everybody,i hope you all are fine.
@Mr CJ,it is an almost perfect barf pattern!but let me please ask you a question:
I noticed that many times you ignore the volume factor(among others) although it is an important one so is it for some specific reason or is it the fact that,by experience, you can smell the consistency of the pattern even without looking at the volume?
thank you sir

You should check the volume yourself, it's easy enough to do...

-CJ-

Post by **fahedksa** » Sat Oct 08, 2016 7:45 pm

Hi Freinds,
Regarding GBP move Friday ,Is there any signs that GBP will fall that way ?
For me i was plan (Before that move )to go long with GBPUSD when London open.